/tf double tops out at 6 am -- again -- best entries in the past week have been premarket (mostly fading highs).
/gc off the floor
ONXX - major buyout.
IBD names strong.
TSLA pt raised.
AAPL -- strong 402 pm.
SHORT 977.6 - TRIPLE TOUCH TL AND BREAK 8:21
problem is: market signals are too strong PM -- not in synch with price action. May have just shorted the low...
scratched /tf +2 ticks.
Simply too much strenght pm to justify taking no-vol. entry here. Especially on 1st of new month.
some of the data from europe was positive, + Australia... so lot of reasons to elevate.
5 min ch. still in downtrend -- looking very mixed. gap fill target...
/cl pushing higher.
and that's 20 ticks from 977.6 entry short... don't think! The patterns will stop you out -- the more you interefere with the process, the worse the outcome.
The ONLY signals that aren't noise is the chart. Period.
/tf 974 -- red now. from 982 o/n high - -double top.
triple touch. small.
ADrl 1151 , UD huge -- get OUT The way.
1st of month.... 983 -- clear skies /tf busting the doors.
indices - at 50 day MA daily -- push?
10 points top to bottom -- /tf and /es approx. ??? toppish? or more?
more for now. signals powerful.
10:50 -- and /tf breaks up 987 -- 1 hour rule saves a bad short entry.
1.23% /tf ....
10 am strong data.
11:35 -- BREAK!!!!!!
signals break with /tf
great discipline -- never got a short signal. Never thought about it.
990 - stall.... /tf 2% day! huge. Easy to get trapped into thinking p/b
qqq regains 50 day MA. IYT 50 day MA....
/es - note AD topped out at 10:05... so there's that. But that's not enough.
1:37 -- ad 1313
/tf -- setting up short but need at least an hour 990.7
UD - keeps drifitng higher.
flop around 2 pm -- 988
IBD names are SOLID.
aegr, yy, tsla, ngvc, xone, lgf, nflx scty, saia, imos
difficult day because the first entry was so fast -- and then you had to really wait for a safe short -- TL break -- and then double top and finally -- a descending TL to capture max 50 tick move
/es was better because it was weaker and provided much better downside movement. So again -- watch both markets -- if shorting, focus on the weaker market.